System and method for collaborative algorithm development and deployment, with smart contract payment for contributors

A computer-implemented method executed on a collaborative algorithm platform for collaborative algorithm development and deployment, with payment for contributors, the computer-implemented method comprising:

• receiving a problem set for analysis, comprising at least a task requiring a new algorithm to solve;
• receiving a group formation notification, the group formation notification comprising a list of one or more registered individuals in a group;
• presenting the task to the group for development of an algorithm to perform the task;
• receiving the developed algorithm for the task;
• storing the developed algorithm in an algorithm database comprising algorithms previously developed by registered individuals or groups of registered individuals;
• generating an algorithm result for the task by following the developed algorithm;
• calculating the solution for the problem set based on the algorithm result;
• retrieving, for each individual in the group, the individual's information from a registration database comprising records for each registered individual's information;
• determining a compensation allocation of the compensation amount for the group using a machine learning algorithm to predict the expected relative contribution of each individual in the group to the developed algorithm based on the retrieved information for each individual in the group;
• creating a rule based on the compensation allocation, the rule comprising a set of parameters and corresponding instructions wherein, when one or more parameters are satisfied, compensation is automatically affected to individuals in the group based on the corresponding instructions.

A system for collaborative algorithm development and deployment, with smart contract payment for contributors employing a collaborative algorithm platform, comprising one or more computers with executable instructions that, when executed, cause the system to:

• receive a problem set for analysis, comprising at least a task requiring a new algorithm to solve;
• receive a group formation notification, the group formation notification comprising a list of one or more registered individuals in a group;
• present the task to the group for development of an algorithm to perform the task;
• receive the developed algorithm for the task;
• store the developed algorithm in an algorithm database comprising algorithms previously developed by registered individuals or groups of registered individuals;
• generate an algorithm result for the task by following the developed algorithm;
• calculate the solution for the problem set based on the algorithm result;
• retrieve, for each individual in the group, the individual's information from a registration database comprising records for each registered individual's information;
• determine a compensation allocation of the compensation amount for the group using a machine learning algorithm to predict the expected relative contribution of each individual in the group to the developed algorithm based on the retrieved information for each individual in the group;
• create a rule based on the compensation allocation, the rule comprising a set of parameters and corresponding instructions wherein, when one or more parameters are satisfied, compensation is automatically affected to individuals in the group based on the corresponding instructions.

Non-transitory, computer-readable storage media having computer-executable instructions embodied thereon that, when executed by one or more processors of a computing system employing a collaborative algorithm platform for collaborative algorithm development and deployment, with smart contract payment for contributors, cause the computing system to:

• receive a problem set for analysis, comprising at least a task requiring a new algorithm to solve;
• receive a group formation notification, the group formation notification comprising a list of one or more registered individuals in a group;
• present the task to the group for development of an algorithm to perform the task;
• receive the developed algorithm for the task;
• store the developed algorithm in an algorithm database comprising algorithms previously developed by registered individuals or groups of registered individuals;
• generate an algorithm result for the task by following the developed algorithm;
• calculate the solution for the problem set based on the algorithm result;
• retrieve, for each individual in the group, the individual's information from a registration database comprising records for each registered individual's information;
• determine a compensation allocation of the compensation amount for the group using a machine learning algorithm to predict the expected relative contribution of each individual in the group to the developed algorithm based on the retrieved information for each individual in the group;
• create a rule based on the compensation allocation, the rule comprising a set of parameters and corresponding instructions wherein, when one or more parameters are satisfied, compensation is automatically affected to individuals in the group based on the corresponding instructions.